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On July 30, 2020, Mitsubishi Chemical Advanced Materials is honored to announce the acquisition of two German carbon fiber recycling companies.
The acquisition is expected to be completed around the beginning of August
.
According to Mitsubishi Chemical Holdings Group's mid-to-long-term basic management strategy "KAITEKI Vision 30", Mitsubishi Chemical Corporation regards circular economy as a key element in realizing the "KAITEKI Vision", and the company's product recycling is an important part of this strategy
.
CFK has its own carbon fiber collection network, mainly from customers in the transportation industry, collects residual material from the molding process of intermediate materials (carbon fiber prepreg, etc.
), and uses its advanced know-how to recreate these materials into usable carbon fiber
.
Mitsubishi Chemical has also acquired carbon fiber prepreg producer cmp GmbH and engineering plastics recycling company Minger Group
.
It is understood that cmp has the proprietary production technology of unidirectional fabric/prepreg, providing solutions for multiple end applications including aerospace and automotive
.
Through a series of recent acquisitions, Mitsubishi Chemical will create a complete chain in Europe from carbon fiber and carbon fiber composite manufacturing to product collection and recycling
.
